Cranford, New Jersey (07016) is a charming community with plenty of local amenities for residents. Located just 25 miles outside of New York City, this town features an affordable rent and cost of living compared to the US average. The average two-bedroom rental rate in Cranford stands at $2,140 a month while the US average is at $1,430. Furthermore, the Grocery Cost Index in Cranford is 107 versus 100 in the US. A variety of local businesses are located near Cranford including Dunkin' Donuts, AMC Loews Theatre, Marshalls Department Store, Walgreens Pharmacy and Shoprite Supermarket all within five miles of downtown Cranford. Additionally, there are many parks and recreational areas nearby for outdoor activities such as Nomahegan Park and Oakridge Park. With its convenient location close to major cities and plenty of local amenities, Cranford is an ideal place to call home.
Cranford (zip 07016) has an unemployment rate of 8.0%. The US average is 6.0%.
Cranford (zip 07016) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Cranford (zip 07016)
- The Sales Tax Rate for Cranford (zip 07016) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cranford (zip 07016) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cranford (zip 07016)
- The average income of a Cranford (zip 07016) resident is $48,943 a year. The US average is $28,555 a year.
- The Median household income of a Cranford (zip 07016) resident is $139,394 a year. The US average is $69,021 a year.